1/ Great thread about the future of tokenized assets by @TusharJain_.
Tushar envisions a world of “hyperliquidity of everything.”
He argues this will reduce demand for MOE money. Why hold money when one can liquidate a small % of a tokenized real asset port. for a purchase?https://twitter.com/tusharjain_/status/989653842257154048 …
-
Show this thread
-
2/ In other words, he’s using
@jlppfeffer’s argument against BTC competitors against BTC itself. This is an interesting thesis but it does require some assumptions: 1. A smooth UX both in terms of technical UI/UX but also for things like taxes, regulations, etc.1 reply 0 retweets 1 likeShow this thread -
3/ 2. That humans will be psychologically willing to hoard tokenized portfolios of more firm (better SOV) assets instead of money, and that we’ll be willing to spend from this portfolio instead of hoard These assumptions are not deal-breakers.
1 reply 0 retweets 2 likesShow this thread -
4/ Tokenization and its associated hyper-liquidity likely will change money as we know it today — it’s a matter of when and how not if.
2 replies 0 retweets 2 likesShow this thread -
5/ Some other thoughts: - What becomes our unit of account if money becomes less important (and therefore less valuable)? - How these ports are constructed is interesting and could present systemic risks (imagine robo advisors rebalancing instantly en masse) w/o C&Bs/diversity
1 reply 0 retweets 3 likesShow this thread
I think this will slowly reduce the SoV component of Money over decades, but not eliminate it completely. So, instead of $80T being "stored in Money", it will be $40T, etc.
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.